Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) Sees Large Increase in Short Interest

Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 14,466 shares, an increase of 135.3% from the July 30th total of 6,147 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 2,647 shares, the days-to-cover ratio is presently 5.5 days.

Innovator Buffer Step-Up Strategy ETF Trading Down 0.1%

Innovator Buffer Step-Up Strategy ETF stock traded down $0.04 on Friday, hitting $40.23. 2,772 shares of the stock traded hands, compared to its average volume of 4,933. Innovator Buffer Step-Up Strategy ETF has a 1 year low of $35.22 and a 1 year high of $40.44. The firm has a market cap of $122.70 million, a P/E ratio of 23.53 and a beta of 0.69. The business’s fifty day simple moving average is $39.59 and its 200 day simple moving average is $38.41.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of BSTP. Kestra Advisory Services LLC purchased a new stake in Innovator Buffer Step-Up Strategy ETF in the fourth quarter worth about $172,000. Captrust Financial Advisors purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF in the 2nd quarter worth approximately $206,000. FSA Advisors Inc. grew its stake in shares of Innovator Buffer Step-Up Strategy ETF by 160.5% in the 4th quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock worth $626,000 after buying an additional 10,383 shares during the last quarter. Principal Securities Inc. increased its position in Innovator Buffer Step-Up Strategy ETF by 6.3% during the 4th quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock valued at $701,000 after buying an additional 1,127 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its position in Innovator Buffer Step-Up Strategy ETF by 4.5% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 19,335 shares of the company’s stock valued at $718,000 after buying an additional 829 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Company Profile

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. BSTP was launched on Mar 8, 2022 and is managed by Innovator.